Sonoro Energy (CVE:SNV) Trading 37.5% Higher – What’s Next?
by Sarita Garza · The Markets DailySonoro Energy Ltd. (CVE:SNV – Get Free Report)’s stock price traded up 37.5% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. 549,302 shares traded hands during mid-day trading, an increase of 193% from the average session volume of 187,320 shares. The stock had previously closed at C$0.04.
Sonoro Energy Stock Performance
The stock has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.07. The stock has a market cap of C$13.20 million, a PE ratio of -5.50 and a beta of -18.41. The company has a quick ratio of 0.03, a current ratio of 0.98 and a debt-to-equity ratio of 30.36.
Sonoro Energy Company Profile
Sonoro Energy Ltd. explores for, appraises, develops, and produces oil and gas resources in Southeast Asia. The company holds a 25% interest in the Selat Panjang Production Sharing Contract covering an area of approximately 940 square kilometers located in Riau province, Central Sumatra. The company was formerly known as Sonic Technology Solutions Inc and changed its name to Sonoro Energy Ltd. in July 2010. Sonoro Energy Ltd. was incorporated in 2000 and is based in Calgary, Canada.